The Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, 2025, effective ...

CBDT clarifies TDS on bank interest under the Income Tax Act 2025, ensuring clear thresholds, senior citizen benefits and ...

Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway is that the format changes, but ...

Under Section 194-IB of the Income Tax Act, tenants paying over ₹50,000 monthly rent must deduct 2% TDS on annual rent from ...

The issue was updating TDS reporting under the new tax framework. CBDT introduced standardized section codes to streamline compliance and improve accuracy in TDS ...

Under the Income-tax Act, 2025, the corresponding provision relating to TDS on interest is contained in Section 393(1) [Table ...

With the Income Tax Act, 2025, taking effect from 1 April 2026, the I-T department clarified that TDS on interest will apply only above the set thresholds. The definition of “banking company” remains ...

Union Finance Minister Nirmala Sitharaman announced income tax changes in the Union Budget 2024, with certain updates scheduled to take effect from October 1. These crucial proposals, approved in the ...